Subsequent Installments Clause Samples
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Subsequent Installments. After the sale and purchase of Common Stock pursuant to Section 2.1 and subject to the terms and conditions of this Agreement, the Company shall sell and issue to the Investors and the Investors shall be obligated to purchase from the Company the Additional Commitment Shares at the Share Purchase Price. Additional closings shall be held from time to time after the Initial Closing with respect to the Additional Commitment Shares on the terms and conditions set forth in this Section 2.2.
(a) In the event any one of the Milestones is achieved, the Company shall promptly give written notice to the Investors in the form attached hereto as Appendix B (the “Installment Notice”).
(b) On the 20th Business Day following the date on which an Installment Notice is given to the Investors, a closing (a “Subsequent Closing”) shall take place at the offices of ▇▇▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ (i) at 1:00 p.m. local time on that date, or (ii) at such other time and place or on such date as the Investors and the Company may agree upon (a “Subsequent Closing Date”), and at each such Subsequent Closing the Company shall deliver or cause to be delivered to the Investors the Installment Shares, and the Investors shall deliver or cause to be delivered to the Company by wire transfer to an account designated in writing by the Company prior to each Subsequent Closing the Installment Payment.
(c) The obligation of the Investors to purchase any of the Additional Commitment Shares not previously purchased under this Section 2.2 shall terminate in accordance with the terms set forth in Appendix A.
Subsequent Installments. Upon the date occurring one (1) month after the Initial Exercise Date, the Employee may exercise this Option for up to an additional two percent (2%) of the shares covered hereby (rounded up to the nearest whole number of shares), and continuing thereafter two percent (2%) on each subsequent month. This Option shall become fully exercisable as of _____________. In no event shall the Option be exercisable for more shares than the number of shares set forth in Section 1.
Subsequent Installments. Upon the _______________ (_____) day of each ________________________________ following the Commencement Date, and continuing thereafter on the _________________ (______) day of each subsequent __________________________, the Employee may exercise this Option for up to an additional_____ percent (___) of the shares covered hereby (rounded up to the nearest whole number of shares), so that this Option shall become fully exercisable as of __________________. In no event shall the Option be exercisable for more shares than the number of shares set forth in Section 1.
Subsequent Installments. (1) The General Partner shall issue Capital Contribution Notice within [ ] years of the Initial Closing Date according to the project’s situation, specifying the ratio of Subsequent Installments payable by the Partner to its Subscribed Capital Contribution, the payable amount of Subsequent Installments and the closing date. Subsequent Contributions shall be paid in [ ] installments, the ratio of [ ] installment are [ ]. The General Partner shall issue Capital Contribution Notice to all Partners at least 25 days in advance, and all Partners shall pay the payable amount of Subsequent Installment specified therein at or before the closing date to the Escrow Account.
(2) If any Limited Partner fails to pay up Subsequent Installment at or before the closing date specified in the Capital Contribution Notice, the Limited Partner shall pay liquidated damages for overdue payment at an interest of [ ]% per day from the next day of Contribution Deadline of First Installment, until it has paid up such amount. If the Limited Partner still fails to pay up such amount after ten (10) days of its breaching, the General Partner has the right to issue a written notice (the “Disqualification Notice”) to the Breaching Limited Partner, disqualifying it from Subsequent Installment in whole or in part. In the avoidance of doubt, if the Limited Partner still fails to pay such amount after ten (10) days of its breaching, but General Partner does not issue the Disqualification Notice, the Limited Partner shall pay liquidated damages for overdue payment at an interest of [ ]% per day from the next day of Contribution Deadline of First Installment, until it has paid up such amount. Once any Limited Partner is disqualified from Subsequent Installment in whole or in part according to this Article, it shall be deemed a “Disqualified Breaching Limited Partner”. For the avoidance of doubt, the Limited Partner’s disqualification does not relieve its obligation and liability to pay overdue interest incurred before the issuance date of the Disqualification Notice. Where the General Partner decides to disqualify the Breaching Limited Partner from Subsequent Installment in whole or in part, then:
i. Such Disqualified Breaching Limited Partner shall pay liquidated damages for overdue payment within five (5) days of the issuance date of Disqualification Notice. The Limited Partnership has the right to deduct relevant part of future income receivable by the Disqualified Breaching Limited Partner f...
Subsequent Installments. Upon the date occurring one (1) month after the Initial Exercise Date, and continuing thereafter on each subsequent monthly anniversary of the Initial Exercise Date, the Employee may exercise this Option for up to an additional two percent (2%) of the shares covered hereby (rounded up to the nearest whole number of shares), so that this Option shall become fully exercisable as of ______________. In no event shall the Option be exercisable for more shares than the number of shares set forth in Section 1.
Subsequent Installments. Subsequent capital calls and Capital Contribution installments will typically occur on a Project-by-Project basis. Subject to Section 4.1(d), upon the satisfaction or waiver by the Company of the Second Installment Conditions Precedent with respect to a Project, or in expectation of the satisfaction of the Second Installment Conditions Precedent with respect to a Project, it is anticipated that each Member will contribute to the Company the Second Installment for such Project. Subject to Section 4.1(d), upon the satisfaction or waiver by the Company of the Third Installment Conditions Precedent with respect to a Project, or in expectation of the satisfaction of the Third Installment Conditions Precedent with respect to a Project, it is anticipated that each Member will contribute to the Company the Third Installment for such Project. Capital calls will be made at the times and in the amounts necessary to make Capital Contributions to Holding Companies, including when and as necessary to ensure Company has at least a 20% interest in a Project at or around the time such Project reaches mechanical completion.
Subsequent Installments. The second installment payment shall be made to Seller on the date which is six (6) months after the Closing Date (as hereinafter defined) in an amount equal to (pound)303,333. The third installment payment shall be made to Seller on the first anniversary of the Closing Date in amount equal to (pound)303,333. The fourth and final installment payment shall be made to Seller on the date which is eighteen (18) months after the Closing Date in amount equal to (pound)303,334. All payments under this Section 1.3(b) shall be by bank check or by wire transfer to the account designated by Seller in writing and shall be made by the Escrow Agent (as hereafter defined) out of the funds deposited with it in accordance with Section 1.3(c). The third and fourth installment payments are subject to adjustment in accordance with Sections 1.3(d) and 1.4.
Subsequent Installments. The second installment payable shall be ------------------------ made to Seller on the date which is six (6)
Subsequent Installments. Any such prepayment shall not change the amount of or postpone the due date of any subsequent installments of principal and interest until the principal balance and accrued interest shall have been paid in full.